**: Zhitong Finance App
Bitcoin fell below 4$20,000, and the recent Memecoin rally has also begun to show signs of stalling. On Tuesday, Bitcoin was up 43% to $41,656. Smaller, lesser-known tokens such as Solana and Alanche both fell more than 10%.
Jaime Baeza, CEO of Crypto Hedging** Anb Investments, said: "Looking ahead, I will remain cautious and prepare for potential volatility this week due to year-end flows, options and ** expirations, as well as thin liquidity due to the holidays. ”
Greg Moritz, co-founder of Crypto Hedging** Alttab Capital, said: "The main thing we are focusing on right now is the expiration of Bitcoin options on December 29. Typically, when we see that there are so many options expirations, we expect a lot of volatility on the day. ”
A large number of Bitcoin options will expire on December 29.
Bitcoin has surged more than 150% this year due to market optimism that the U.S. Exchange Commission will soon approve spot Bitcoin exchange trading (ETFs). Investors will know whether the bet will succeed until January 10 next year.
At the same time, Memecoins such as Dogwifhat have been strong recently, as well as new non-fungible tokens (NFTs). Many of these tokens are trading more than 1000% in a matter of days, while still trading for less than a penny. Now, the frenzy is fading, with dogwifhat** by about 30% and bonk by about 15%.